Tag: DICGC

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Deposit Insurance and Credit Guarantee Corporation (DICGC)

Source:  LM Context: The Finance Ministry is considering increasing the deposit insurance limit, which currently stands at ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961. About Deposit Insurance and Credit Guarantee Corporation (DICGC): What it is? DICGC is a subsidiary of the Reserve Bank of India (RBI) that provides deposit …

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Deposit Insurance and Credit Guarantee Corporation (DICGC)

Topics Covered: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Deposit Insurance and Credit Guarantee Corporation (DICGC) What to study? For Prelims: What is Deposit Insurance? How is it regulated? For Mains: Reforms needed. Context: RBI has asked the Registrar of Co-operative Societies, Maharashtra to …

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